Fossil to recapitalise Lafarge Zimbabwe
Fossil Mining, the new owner of Lafarge Zimbabwe, has said it plans to keep the company on the Zimbabwe Stock Exchange once its takeover of the cement producer is completed. Ac...
Zimbabwe
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Lafarge Zimbabwe sells majority stake in its operations
Lafarge Zimbabwe is selling 76.45 per cent of its business to Fossil Mines Pvt Ltd. The Holcim group member announced on Monday that it was selling the majority stake in its ...
PPC Cement Zimbabwe announces solar investment
PPC Cement Zimbabwe has announced a US$40m solar power investment for its Bulawayo and Colleen Bawn plants to support the company’s energy requirements and help reduce gas su...
Plant disruption drives Lafarge Zimbabwe to a loss
Lafarge Cement Zimbabwe recorded a US$695m loss in 2021, compared to a US$5bn profit in the same period a year earlier. The fall is reportedly due to the negative impact of dis...
PPC Zimbabwe forecasts 25% rise in domestic cement demand
PPC Zimbabwe has projected a 25 per cent increase in cement demand in the local market spurred by government funded projects and rising retail demand. Zimbabwe’s government at...
AfriSam supplies new border crossing project
AfriSam has supplied some 7000t of its High Strength R42.5 Cement from its Roodepoort plant near Johannesburg for a new border control post between South Africa and Zimbabw...
PPC to build 30MW solar plant in Zimbabwe
South Africa-based PPC will build a 30MW solar power facility at its Colleen Bawn clinker plant in Zimbabwe as part of its decarbonisation strategy. The clinker works will ...
Lafarge Cement Zimbabwe Ltd appoint new CEO
Lafarge Cement Zimbabwe Ltd (Holcim group) has appointed Mr Geoffrey Ndugwa as the new CEO. Prior to his appointment, Mr Ndugwa was the CEO of Lafarge Malawi between Decembe...
Zimbabwe to keep imports flowing
This week, Zimbabwe's cement market opted to keep import permits in response to increasing cement shortages. Zimbabwe’s cement sector has been stretched and reliance on Lafarge...
PPC posts better-than-expected 1H in Zimbabwe
South Africa-based PPC has said its cement sales volume in Zimbabwe surpassed expectations as sales increased by 19 per cent in the six months to September as cement demand in ...